Derivatives did not match the level of growth seen in cash
markets reported by Singapore Exchange (SGX) in its recent
quarterly results. Derivatives revenue now accounts for barely
a fifth of combined trading income, down from nearly a third at
the same time last year.
Out of total clearing and trading revenue of S$125.3m
($82.58m), cash market trading supplied S$96.7m with
derivatives clearing revenue lagging at S$28.6m, even as SGX
has pursued an expansion policy across its markets. For the
same period last year the corresponding figures were S$82.9m,
S$56.4m and S$26.5m.
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